HomeMy WebLinkAboutNo. 1438 approving an application for real property tax deduction (Thomas E. Lowe, Lot 14 Toll Road Industrial Park)RESOLUTION NO. 1438
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(1) provides that an application for property tax
deduction may not be approved when the property is located in an allocation area as defined
in I.C. 36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation
area adopts a resolution approving that application; and
WHEREAS, the South Bend Common Council has received a petition for three (3)
years of real property tax abatement consideration from Thomas E. Lowe for real property
located at Lot 14, Toll Road Industrial Park in the Airport Economic Development Area, the
legal description of which is attached hereto, marked Exhibit "A" and incorporated herein;
and
WHEREAS, this Commission declared the Airport Economic Development Area by
Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the
Airport Economic Development Allocation Area, Allocation Area No. 1; and
WHEREAS, the property located at Lot 14, Toll Road Industrial Park is located
within the Airport Economic Development Allocation Area, Allocation Area No. 1;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application from Thomas E. Lowe for threee (3)
years of real property tax abatement consideration for property located at Lot 14, Toll Road
Industrial Park in the Airport Economic Development Allocation Area, Allocation Area No.
1, should be and is hereby approved.
2) That a copy of this resolution be forwarded to the South Bend Common Council
to indicate the Commission's approval of the petition for real property tax abatement for
Thomas E. Lowe.
Approved this 21th day of June, 1996, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
ATTEST:
William P�'Hgjnacki, Secretary
VB:Res1438
EMM
LIM
SOUTH BEND REDEVELOPMENT COMMISSION
Paula N. Auburn, President